FX.co ★ Analysis of EUR/JPY for March 10, 2017

Recently, the EUR/USD has been trading upwards. The price tested the level of 1.0619. On the 30M time frame I found hidden bearish divergence on the moving average oscilator and a fake breakout of yesterday's high at 1.0615. My advice is to watch for potential selling opportunties as buyers are not active above the yesterday's high. Targets are set at 1.0570 (50% retracement) and 1.0525 (yesterday's low).

Resistance levels:

R1: 1.0620

R2: 1.0666

R3: 1.0715

Support levels:

S1: 1.0525

S2: 1.0480

S3: 1.0435

Trading recommendations for today: watch for potential selling opportunities.